by Bill McBride on 10/29/2013 08:30:00 AM
Tuesday, October 29, 2013
On a monthly basis, retail sales declined 0.1% from August to September (seasonally adjusted), and sales were up 3.2% from September 2012. From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $425.9 billion, a decrease of 0.1 percent from the previous month, but 3.2 percent above September 2012. ... The July to August 2013 percent change was unrevised from +0.2 percent.
Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales are up 28.5% from the bottom, and now 12.6% above the pre-recession peak (not inflation adjusted)
Retail sales ex-autos increased 0.4%.
Excluding gasoline, retail sales are up 25.6% from the bottom, and now 13.1% above the pre-recession peak (not inflation adjusted).
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail sales ex-gasoline increased by 4.1% on a YoY basis (3.2% for all retail sales).
This was slightly below the consensus forecast of no change for retail sales, however sales ex-autos were at forecast.
Posted by Bill McBride on 10/29/2013 08:30:00 AM